KION GROUP AG said its normalized net income for the first quarter came to 38 euro cents per share, an increase of 29.8% from 29 cents per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €37.4 million, a gain of 29.8% from €28.9 million in the prior-year period.
The normalized profit margin rose to 3.2% from 2.6% in the year-earlier period.
Total revenue climbed 7.0% on an annual basis to €1.16 billion from €1.09 billion, and total operating expenses increased 6.9% from the prior-year period to €1.09 billion from €1.02 billion.
Reported net income increased 46.4% on an annual basis to €40.5 million, or 41 cents per share, from €27.6 million, or 28 cents per share.
